Manage Both Sides of Your Practice

Preparing for the DOL Fiduciary Rule

The new DOL ruling affects all in the financial services industry — from broker-dealers to RIAs to asset managers. Learn how to navigate the changing regulatory landscape and take steps to adapt and prepare for the fiduciary rule.

As dually registered advisor, you face a distinct set of challenges. Maintaining both advisory and brokerage services often means operating under two separate business structures with different sets of goals, fees, and regulations. Envestnet provides you with the flexibility and support you need to tie together both sides of your business.

The Envestnet Advisor Portal is a fully configurable platform that empowers you to conquer all aspects of the wealth management process, including the added responsibilities that come with dual registration. Our unified analyses and reporting give you and your clients a complete, clear view of all their holdings together—whether you are managing them for a fee or a commission. From providing you with tools to better manage your practice to ensuring you meet compliance and regulatory requirements, Envestnet helps you meet the complex needs of your most sophisticated clients.

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Diagnose Your Practice

To get a strong sense of where you are today—and where you can be with Envestnet—take the following brief diagnostic. Click on any of the following statements that may apply to your current situation.

I have the freedom to tailor the infrastructure of my fee-based advisory business around my specific needs.

Leverage a powerful partner to assist you along every step of the wealth management process. From portfolio analytics and proposal generation to access to more than 15,000 investment products, from rebalancing, billing, and administrative tools to aggregated reporting capabilities, the Envestnet Advisor Portal give you the tools to conquer complexity and effectively manage your practice.

I would like to report on client accounts that are both fee-based and commission-based.

Gain a clear view on all activity and accounts. On a daily basis, Envestnet's Vantage Reporting Solutions gathers and reconciles data on all your clients’ assets, whether managed on the platform or held away. You can preserve income streams from your existing brokerage accounts and also manage the wealth of new fee-based clients.

Gain peace of mind. Envestnet’s Advisor Portal has built-in guardrails to help you stay within your fiduciary responsibilities. Capitalize on the fiduciary opportunity to provide a higher standard of care that clients are increasingly expecting. Leverage Envestnet's Fiduciary Desktop, a new set of compliance tools that are integrated into the proposal process to help you meet the new DOL Fiduciary Rule requirements in a seamless, streamlined workflow.

Case Studies

The Importance of Transparency

“Transparency is everything now. People like to see, touch, feel… and with Envestnet, they can. Everything’s there, including their outside assets.”

Gain a clear view on all activity and accounts. On a daily basis, Envestnet's Vantage Reporting Solutions gathers and reconciles data on all your clients’ assets, whether managed on the platform or held away. You can preserve income streams from your existing brokerage accounts through the Envestnet platform and also manage the wealth of new fee-based clients. Also, Envestnet’s Advisor Suite has built-in guardrails to help assist you in carrying out your fiduciary responsibilities.

SCREENSHOTS ARE FOR DEMO PURPOSES ONLY AND DO NOT REPRESENT ACTUAL CLIENT INFORMATION OR ACTUAL INVESTMENTS. NOT ALL SCREENSHOTS MAY BEAPPLICABLE TO YOUR FIRM.